Merk on Europe and Bonner on holding on to cash

Published time: 4 Jun, 2015 08:02

Reuters/Dado Ruvic / Reuters

US Senator Elizabeth Warren issues a scathing critique of Securities and Exchange Commission chairwoman Mary Jo White. In a 13-page letter to White, Warren called her two-year stint as head of the SEC “extremely disappointing” and not in keeping with the kind of leadership that White had promised to deliver during her Senate confirmation hearing. Erin Ade weighs in.

Then, Erin sits down with Axel Merk – president and CIO of Merk Investments. Axel discusses the chances that Greece will default and what the ECB would do in that situation, and gives us his take on the outlook for economic growth in Europe for the rest of the year.

After the break, Erin is joined by RT correspondent Harry Fear to talk about the FIFA scandal. Harry tells us why the US is taking this action and under what legal jurisdiction it has to go after FIFA - and why Sepp Blatter didn’t resign initially after the allegations were made.

Afterwards, Boom Bust guest host Ameera David sits down with Bill Bonner, founder of The Daily Reckoning. Bill tells us if Bitcoin could actually pave the way for other governments to become less reliant on cash and credit and gives us his take on how people should be investing right now in the event we have another financial crisis in the near future, as he expects.

And in The Big Deal, Erin and Edward Harrison talk about Greece after the dueling ultimatums make clear that the endgame is near.